cheers daza We may have to agree to dis-agree a tad on that one....

cheers daza

We may have to agree to dis-agree a tad on that one. Most people take the t/o premium at some weighted moving average to the last x trading days.
By that same reasoning, PNA is worth $1.45 plus for a t/o if you take the price of over $1 before the GFC. See what I mean it all to easy to just pick any share price we want.
EQN went up about 30% yesterday. There is the premium. Not saying I'm right mate, and in fact been wrong more times than I care to remember, just a thought definitely not set in concrete.

Mx